Bearish flow noted in Bausch Health with 1,181 puts trading, or 1.1x expected. Most active are Jan-25 2 puts and Apr-24 8 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 1.83, while ATM IV is up over 14 points on the day. Earnings are expected on February 22nd.
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